BUZZ-HK shares of Chinese EV maker Li Auto drop as co cuts Q3 vehicle delivery outlook

Reuters2021-09-21

** Hong Kong shares of Chinese electric vehicle maker Li Auto drop 10.8% to HK$99, their lowest since listing on Aug 12

** Stock, which tracked a plunge in its U.S.-listed shares, is set for biggest daily percentage decline since HK listing

** Li Auto slashes Q3 vehicle delivery outlook citing chip shortage, expecting its vehicle deliveries to be about 24,500 units in the quarter, compared with previous forecast of between 25,000 and 26,000 units

** Hong Kong-listed shares of Chinese rival Xpeng drop 4.5%, BYD Co stock falls 2.5% while Geely Auto

slips 0.6%

** The Hang Seng Tech Index falls 1.5% and the Hang Seng Composite Index eases 0.6%

** The Hang Seng China Enterprises Index slides 1% and the benchmark index down 0.5%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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